Issue No. 122: Affirm, Alphabet, Airpods, Allbirds, and Amazon’s Prep

Last Word: Bullish on eCommerce

Reconsider how you think of eCommerce; it’s more than Amazon Prime and DNVB hype. This week, I had the opportunity to spend a little time with the folks at GGV Capital in Menlo Park. While coast to coast flights aren’t the best, the takeaways were. We discussed the past, present, and future of eCommerce and how the businesses of today will need to shift to maintain relevance. Of the most important takeaways:

China is leading the United States in eCommerce penetration (and the GGV portfolio reflects this).